Tag: Investor’s Corner

SilverCrest Metals Inc. reports that it has filed an amended annual information form, as of April 23, 2018, for the year ended December 31, 2017.

First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (Frankfurt:FMV) is pleased to announce that it has terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. and its subsidiary, Wheaton Precious Metals International Ltd., relating to the newly acquired San Dimas Mine and entered into a new precious metal purchase agreement with WPMI and FM Metal Trading (Barbados) Inc., a wholly-owned subsidiary of First Majestic.

Paul Benson, President and CEO said, “We produced over 78,000 gold equivalent ounces with all three operations performing well during the quarter. Seabee had a standout quarter, with the lowest cash costs since we acquired the operation in 2016 and record mill throughput of more than 1,030 tonnes per day. With development at Chinchillas remaining on track for delivery in the second half of the year, and production at Seabee and Marigold ramping up through the year, our operating and financial performance positions us well for growth in 2018 and 2019.”

“We realized strong improvements in our cost profile during the first quarter, with an AISC of $11.76 excluding non-cash items,” stated Brendan Cahill, President and CEO. “More importantly, during March we realized an AISC of $7, or negative $0.90 excluding non-cash items. We expect costs to continue to improve now that we have transitioned to a more productive cut-and-fill mining method. Additionally, with key ramps now accelerated well below production levels, we have a growing dry mineral inventory of over 50,000 tonnes available to continue increasing production in Q2 and Q3.”

GoGold Resources Inc. (TSX: GGD) reports record production of 417,191 silver equivalent ounces in the quarter and generated revenue of $5.4 million on the sale of 337,821 silver equivalent ounces at an average realized price of $15.99 in the quarter ending March 31, 2018.

Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) today announced that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC, two leading proxy advisory firms, have recommended that both Alio Gold and Rye Patch shareholders vote FOR the plan of arrangement whereby Alio Gold will acquire all of the issued and outstanding shares of Rye Patch, at their special meetings of shareholders to be held on May 18, 2018.

Director Robert R. Gilmore has decided not to stand for re-election to the Board of Directors at the Annual General Meeting. Mr. Gilmore has been a member of the Board and served as audit committee chair since 2010.

“The investments we have made to improve our mines are resulting in more consistent operations, higher throughput, strong metals production and lower costs, increasing the financial strength of Hecla,” said Phillips S. Baker, Jr., President and CEO. “These improvements are reflected in the quarterly throughput which is a record at Casa Berardi and a near-record at Greens Creek, and lower cash costs, after by-product credits per gold and silver ounce. We continue to benefit from strong lead and zinc prices, and are seeing continued tightness in the concentrate markets, resulting in significant improvement in payment terms from the smelters, so lower costs could remain for some time.”

First Majestic Silver Corp. is pleased to announce the approval by its board of directors of certain changes to its advance notice policy regarding director nominations, as described below. The Policy was first adopted by the board in 2013, with certain amendments made in 2017. In keeping with its commitment to the highest standard of corporate governance, the board feels that it is appropriate to make certain additional changes to the Policy to comply with recent trends in advance notice policies.

“In the first quarter, lower production rates resulted in a slight decrease in revenues and cash flows compared to the prior quarter,” stated Keith Neumeyer, President and CEO of First Majestic. “This temporary decrease in production, which was primarily due to lower head grades, naturally resulted in higher cash costs per ounce. Nevertheless, we managed to beat our overall cost guidance during the quarter due to strong gold production at the Santa Elena, San Martin and La Guitarra operations. Looking ahead, we plan to provide an updated production, costs and capital expenditure guidance in July to reflect the integration of the San Dimas operation. We remain focused on developing our key growth projects, most importantly our roaster project, which is expected to significantly increase silver production at La Encantada in the second half of 2018.”